When I first heard about rental startup Airbnb, I thought it sounded a bit odd — and finding out its founder rents rooms from his customers only increased that impression. But now I’m hearing more and more buzz about the company, and today it announced that it has raised $7.2 million from Sequoia Capital and Greylock Partners.
The company was founded as a way for people to rent out spare couches and rooms to travelers. In today’s press release, Airbnb says it’s now used to rent out much more, including castles and sailboats. The site includes 50,000 listings in more than 8,000 cities and 166 countries. People have used the site to book more than 700,000 nights.
To read the full, original article click on this link: Airbnb lies down with VCs, wakes up with money | VentureBeat
Author: Anthony Ha
